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11122 Zarod Road Las Vegas, NV 89135

3 Beds 3 Baths 1,923 sqft Built 2003

$435,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $226.21
  • 3 Days on Market
  • MLS # : 2247862
  • Updated Date : 11/13/2020 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,923 sqft
  • Baths : 2 full , 1 half
Listing Agent

Love Local Real Estate

Listing Agent's Description

Beautiful 2 story home in picturesque Summerlin community. Well-maintained interior- shows like a model! Updated kitchen counter tops, and freshly painted cabinets. Downstairs den could easily be converted into a 4th bedroom. Downstairs bathroom has large closet which could also be converted into 3/4 bath. Spacious and open floor plan, great for entertaining! Private backyard with inground pool/spa (pool is salt water system with variable speed pump). Close to local freeways, dining, shopping, and schools! This one is a must see!

SEE MORE

MARKET HIGHLIGHTS

  • A $7.5 billion mixed-use 6-year project known as Bleutech Park Las Vegas is starting in December 2019. The project will incorporate environmental and technological features such as water purification, on-site waste treatment and localized air cleaning. Described as an “insular mini-city,” the plan calls for use of autonomous vehicles, AI, augmented reality, robotics and other advanced technologies. (reBusinessOnline - France Media, 2019)
  • Las Vegas metro's major employers include: MGM Resorts International, Caesars Entertainment Corporation, Stations Casinos, LLC., Wynn Resorts, Boyd Gaming Corporation, Las Vegas Sands Corporation, Walmart Stores, Cosmopolitan of Las Vegas, The Valley Health System and Supervalu (Las Vegas Sun, 2019)
  • Las Vegas metro's economy was worth $124.9 billion in Gross Metro Product in 2018 and projected to grow to $133.2 billion in 2019 (USMayors.org, 2018)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
  • Las Vegas metro has 61.2% labor force participation rate (USMayors.org, 2018)
  • Las Vegas metro's employment growth was at 2.6% in 2018 and predicted to grow at the rate of 1.7% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Ridgebrook

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $119k414k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Ridgebrook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10762016

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Judy And John Goolsby Elementary School Primary Regular 807 42 10
Victoria Fertitta Middle School Middle Regular 1,472 60 NA
Durango High School High Regular 2,302 95 5

Judy And John Goolsby Elementary School

  • Education Level: Primary
  • # of students: 807
  • # of teachers: 42
10
GreatSchools Rating

Victoria Fertitta Middle School

  • Education Level: Middle
  • # of students: 1,472
  • # of teachers: 60
NA
GreatSchools Rating

Durango High School

  • Education Level: High
  • # of students: 2,302
  • # of teachers: 95
5
GreatSchools Rating
 

$391,500$478,500$435,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,605
Property Tax -$273
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
-$141

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$435,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$22,109

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,920

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,913

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,690
1$1,6902$1,8503$1,8954$1,9205$1,950
$1,950
RENT COMPS ANALYSIS
  • 11122 Zarod Road Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,923 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,923 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $1.00
    •  
  • 11018 Pegasus Drive Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2003
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.95
    •  
  • 11162 Crimson Dusk Court #0 Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2002
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
  • 11127 Crimson Dusk Court #n/a Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2002
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.02
    •  
  • 3549 Sagittarius Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,923 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,923 Sqft ∙ Built 2002
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.01
    •  
PROPERTY LISTING DETAILS
Danielle Bald
1.702.403.3155
Love Local Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2247862
Last Updated: 11/13/2020
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